Atlantic LNGC freight rates softened for a seventh consecutive week to $26,250 per day last Friday, while Pacific rates eased to $41,250 per day, according to Spark Commodities analyst, Qasim Afghan.
The US front-month arbitrage to northeast Asia via the Cape of Good Hope closed out further, strongly pointing to Europe.
This was driven by a recent fall in the JKM/TTF spread as the JKM failed to match the recent TTF rally, Afghan added.
